Harder, since as soon as quantum computing becomes a semi-real threat, Bitcoin can & will switch to quantum resistant algos.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

Harder, since as soon as quantum computing becomes a semi-real threat, Bitcoin can & will switch to quantum resistant algos.

How exactly can Bitcoin just "switch algos"? I thought the algorithms weren't able to be changed.

Nope, the algos are modular; both on the blockchain hashing side (currently 2 cycles of SHA256) and the address keypair side. The code includes "hooks" that would permit another hashing algo to run alongside (and eventually replace) SHA256. I'd wager that another algo will be in use alongside SHA256 by 2020, as SHA-2 type algos are not particularly resistant to quantum computing. Also, the protocol deliberately provides an upgrade path for bitcoin addresses. That is why all current addresses start with a "1" character, as they are all address type number one. (there is another address type used only for testing, that starts with an "a" I believe) Future addresses could use different algos, or have other definitive features that make them incompatible with the current address format; which would call for a new addresss identifier, and thus that first character would be different. There is already an early proposal to make an address type that would still use the same algo, but use a modified value variable to hold sub-satoshi value sets; as an example.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

Harder, since as soon as quantum computing becomes a semi-real threat, Bitcoin can & will switch to quantum resistant algos.

How exactly can Bitcoin just "switch algos"? I thought the algorithms weren't able to be changed.

Nope, the algos are modular; both on the blockchain hashing side (currently 2 cycles of SHA256) and the address keypair side. The code includes "hooks" that would permit another hashing algo to run alongside (and eventually replace) SHA256. I'd wager that another algo will be in use alongside SHA256 by 2020, as SHA-2 type algos are not particularly resistant to quantum computing. Also, the protocol deliberately provides an upgrade path for bitcoin addresses. That is why all current addresses start with a "1" character, as they are all address type number one. (there is another address type used only for testing, that starts with an "a" I believe) Future addresses could use different algos, or have other definitive features that make them incompatible with the current address format; which would call for a new addresss identifier, and thus that first character would be different. There is already an early proposal to make an address type that would still use the same algo, but use a modified value variable to hold sub-satoshi value sets; as an example.

Wow, here I was thinking that I had a pretty good handle on Bitcoins. Though I still haven't read the whitepaper, and this is a little further on the technical side of things.

Thanks for the info. I'd give you a small tip if I could find an address.

Thanks for the info. I'd give you a small tip if I could find an address.

Trust me, I don't need the tip.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

More power to your crusade!But to be fair. Try not to ruin things in your boredom for the sake of filling your boredom.If this is legitimate then you could endup taking food from peoples mouths doing this.Just keep in mind there are always bigger fish.